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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 13, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:        
Total Revenues $ 261 $ 4,954 $ 5,744 $ 5,699
Costs and Expenses:        
Research and Development 7 136 139 158
Selling, General and Administrative Attributable to Segments 40 777 764 904
Corporate General and Administrative 5 118 130 130
Goodwill, Impairment Loss 0 730 1,917 0
Asset Write Down and Other 0 374 238 1,701
Restructuring Charges 0 189 126 183
Prepetition Charges 0 86 0 0
Gain (Loss) on Disposition of Assets 0 (15) 0 0
Gain on Sale of Businesses, Net 0 112 0 (96)
Total Costs and Expenses 260 6,136 7,828 7,869
Operating Income (Loss) 1 (1,182) (2,084) (2,170)
Other Income (Expense):        
Reorganization Items (4) 5,389 0 0
Interest Expense, Net (12) (362) (614) (579)
Warrant Fair Value Adjustment 0 0 70 86
Bond Tender and Call Premium 0 0 (34) 0
Currency Devaluation Charges 0 0 (49) 0
Other Income (Expense), Net 0 (26) (46) 7
Income (Loss) Before Income Taxes (15) 3,819 (2,757) (2,656)
Income Tax (Provision) (9) (135) (34) (137)
Net Income (Loss) (24) 3,684 (2,791) (2,793)
Net Income Attributable to Noncontrolling Interests 2 23 20 20
Net Income (Loss) Attributable to Weatherford $ (26) $ 3,661 $ (2,811) $ (2,813)
Income (Loss) Per Share Attributable to Weatherford:        
Earnings Per Share, Basic and Diluted $ (0.37) $ 3.65 $ (2.82) $ (2.84)
Weighted Average Shares Outstanding:        
Basic & Diluted (in shares) 70 1,004 997 990
Product        
Revenue from Contract with Customer, Including Assessed Tax $ 111 $ 1,819 $ 2,051 $ 2,116
Revenues:        
Cost of Goods and Services Sold 100 1,685 1,887 2,142
Service        
Revenue from Contract with Customer, Including Assessed Tax 150 3,135 3,693 3,583
Revenues:        
Cost of Goods and Services Sold $ 108 $ 2,168 $ 2,627 $ 2,747